Discontinued Operations (Tables)

12 Months Ended

Apr. 26, 2014

Financial Disclosures of Discontinued Operations

The results of the discontinued operations for Bauhaus for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, were as follows:

	Year Ended
(Amounts in thousands)	4/26/14			4/27/13			4/28/12
Net sales	$	33,608		$	37,282		$	37,043

Income (loss) from discontinued operations (including impairment of $1.1 million in fiscal 2014)	$	(1,560	)	$	1,088			791
Income tax benefit/(expense)		541			(412	)		(303	)
Income (loss) from discontinued operations, net of tax	$	(1,019	)	$	676		$	488

The final working capital adjustment for the sale of Bauhaus of $0.2 million will be paid to the purchaser in the first quarter of fiscal 2015. The assets and liabilities of Bauhaus that were disposed of as part of the sale were as follows:

(Amounts in thousands)	4/26/14
Assets
Receivables, net	$	3,780
Inventories, net		4,231
Other current assets		85
Property, plant, and equipment, net		518
Total assets	$	8,614

Liabilities
Accounts payable	$	1,290
Accrued expenses and other current liabilities		633
Total liabilities	$	1,923

The results of the discontinued operations for Lea Industries for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, were as follows:

	Year Ended
(Amounts in thousands)	4/26/14			4/27/13			4/28/12
Net sales	$	16,979		$	21,366		$	27,928

Income (loss) from discontinued operations (including restructuring of $3.3 million in fiscal 2014)	$	(4,472	)	$	(1,063	)	$	7,116
Income tax benefit/(expense)		1,695			404			(2,698	)
Income (loss) from discontinued operations, net of tax	$	(2,777	)	$	(659	)	$	4,418

The assets and liabilities of Lea Industries that were classified as held for sale are as follows:

(Amounts in thousands)	4/26/14
Assets
Receivables, net	$	1,190
Inventories, net		3,013
Other current assets		87
Total assets	$	4,290

Liabilities
Accounts payable	$	234
Accrued expenses and other current liabilities		576
Other long-term liabilities		22
Total liabilities	$	832

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details